Closing TLS Sell alert at market currently 3.56 to lock in final gains

Closing Sell ALert on TLS at Current Market Price of 3.56

Alert now Closed.

 

 

PREVIOUS ALERT 21/8/17

Stock : TLS – Telstra Corporation Limited

Current Price : 3.90

Previous Sell Entry (Trigger Level) : 4.31

New Remaining Buy Exit Zone (Stop Loss) : 4.05

Previous 50% Partial Exit Zone (Target traded) : 4.10

Status : On watch for continuation lower

TLS is holding below 4.00 after being hit hard on a less than impressive results announcement. We still expect price to be punished by traders as more sellers enter to beat the price lower. We are now happy to lower the remaining Stop level to 4.05 to lock in further gains.

 

ORIGINAL ALERT 20/6/17

Stock : TLS – Telstra Corporation Limited

Current Price : 4.38

New Sell Entry Trigger Level : 4.31

Potential Buy Exit Zone : 4.45

Status : On watch for sell entry trigger

TLS is looking weak and has the potential to sell down to test support at 4.00. Price struggled to push up through 4.50 and then broke down below minor support at 4.38. Currently price is building a lower high so we expect to see weakness on a push below 4.33. Happy to sell at 4.31 and hold risk at 4.45. Will re-assess price action if price pushes up through 4.45 prior to entry.